PROJECT MANAGEMENT

Project Management



Table of Contents

Introduction2

Background2

Assessment of Main Risks2

Security2

Management of Risks3

Information Technology Risk3

Management of Risks4

Financial Risk4

Management of Risks5

Sponsorship Plan5

Management of Risks5

Main Cost and Scheduling Tools6

Cost6

Scheduling Tools6

Methods of Cost Control6

Cost Control Approaches6

Informed Decisions6

Cost Control Budget7

Increase in the Original Budget7

Legacy after Project Closure7

Regeneration of the Olympic Site8

Project Management

Introduction

London Olympics is a multidisciplinary sport, which will be held in London between 27 July and 12 August, 2012. There is a wide range of risks involved in the event from the perspective of project management. The city will become the third time host for the Olympic Games. Olympics were held here before these games in 1908 and 1948. The competition will be played in Greenwich Park, Regent's Park, and Hyde Park and around London. The symbol of the Olympic Games and Paralympics Games 2012 will be made up of steel by Anish Kapoor, who will sculpture project, and Cecil Belmond. The sculpture will be of a height of 115m. It is named as ArcelorMittal Orbit. The start of construction scheduled for July / August 2010. A multitude of project management approaches can assist the management to energize the activities of the mega-event.

Project management offers a wide range of opportunities for transforming the site into a long-term legacy. The project should be developed in such a way that these venues can easily be used for any subsequent program. If the management has decided to create Community Park and sports club, then the venues should be created in such a way that it will complement the mega-event and the post event planning.

Background

The management of the event must evaluate the pros and cons of the event to mitigate the risk involved in the project. The techniques of project management can assist the management to control the risks and increase the gross efficiency of the process. In 2005, London won the right to host the 2012 Olympic Games. The capital of the UK will become the first city to accept the Olympic Games. In 2004, the plan as adopted by the city's development. According to it, by 2016 the population of London is expected to reach 8.1 million people. The authorities also intend to improve the public transport system for the event. At a meeting of the International Olympic Committee (IOC) in Singapore, they decided to exclude baseball and softball from the program of the Olympic Games in 2012. During the voting, they did not collect enough votes. The other 26 sports were supported by members of the IOC and the Olympic retain registration. Olympic Stadium in London, whose construction is planned for the Olympic Games 2012, will be organizing a committee with a cost of 30 million pounds higher than originally planned. As a result of constantly rising prices for energy and the increased cost of designing an object, it now estimates increased from 250 to 280 million pounds. The total budget of the 2012 Olympics to be held in London is expected to be 2.4 billion pounds, but sources from the organizing committee argued that ...